Form 4: Procore Technologies SVP, Corporate Controller, William Fred Fleming Jr., Reports Acquisition of 15,662 Shares of Common Stock

William Fred Fleming Jr., SVP, Corporate Controller at Procore Technologies, reports acquiring 15,662 shares of common stock on March 29, 2024, bringing his total holdings to 90,183 shares.

Summary

• On March 29, 2024, William Fred Fleming Jr., the SVP, Corporate Controller of Procore Technologies, acquired 15,662 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Fleming's total beneficial ownership of Procore Technologies' common stock is 90,183 shares.
• The shares were acquired through the settlement of restricted stock units (RSUs).
• One-sixteenth of the RSUs vest quarterly on each February 20, May 20, August 20 and November 20, beginning with the first Company Vesting Date following the vesting commencement date of February 20, 2024, subject to continued service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a good sign, but it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
• The vesting schedule of the RSUs incentivizes the executive to remain with the company.

Future Outlook

The document does not contain any specific forward-looking statements about the company's future performance, but the vesting schedule of the RSUs suggests a long-term commitment from the executive.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of key personnel.

Key Dates